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The problem is too much money came into tech. Even 10 years ago software companies had only a fraction of today's representation among blue chip companies. On
by dasil003 5y ago
The problem is too much money came into tech. Even 10 years ago software companies had only a fraction of today's representation among blue chip companies. Once the industry is recognized as a top place to make money then the wrong sort of people start worming their way in slowly but surely undermining whatever integrity came out of the early engineering culture and values that built the foundation.
- selfhoster11 5y agoI'm not sure what you mean. Blue chips like IBM and Microsoft were making bank even in the late 90s. Lots of money in tech isn't new.
- dasil003 5y agoUp until web 2.0 and the smart phone revolution it was mostly hardware, and mostly business. What changed was once the majority of the consumer market and attention span was tapped via ubiquitous web and mobile penetration which opened up the possibility for software companies to extract maximum value from every single consumer. Consider this: https://www.visualcapitalist.com/a-visual-history-of-the-largest-companies-by-market-cap-1999-today/ https://www.visualcapitalist.com/a-visual-history-of-the-lar... In 1999 (dotcom peak!) there were 5 companies in the top 10 (1 software, 4 hardware). In 2019 it was 7 out of 10, including the top 5 spots.